1,002,115 Shares in Avient Corporation $AVNT Purchased by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 1,002,115 Avient shares worth approximately $37.0 million, giving it a 1.09% stake. Institutional investors collectively own 95.48% of AVNT.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $46.71; individual targets range as high as $54.
• Avient exceeded quarterly earnings expectations, reporting $0.96 EPS and $917 million in revenue, while raising year-over-year revenue by 5.8%. The company also declared a $0.275 quarterly dividend, representing a 2.5% annualized yield.

Bank of New York Mellon Corp acquired a new stake in Avient Corporation (NYSE:AVNT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,002,115 shares of the company's stock, valued at approximately $37,038,000. Bank of New York Mellon Corp owned 1.09% of Avient at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Avient by 1.0% during the 1st quarter. Royal Bank of Canada now owns 128,730 shares of the company's stock valued at $4,782,000 after purchasing an additional 1,321 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Avient by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,760 shares of the company's stock worth $1,998,000 after buying an additional 2,341 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Avient by 294.8% during the 1st quarter. NewEdge Advisors LLC now owns 9,340 shares of the company's stock worth $347,000 after buying an additional 6,974 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Avient during the first quarter valued at $224,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Avient by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,976 shares of the company's stock valued at $11,073,000 after buying an additional 10,535 shares during the period. 95.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AVNT has been the subject of several recent research reports. Truist Financial boosted their price target on shares of Avient from $44.00 to $50.00 and gave the company a "buy" rating in a report on Friday, August 7th. Wells Fargo & Company increased their price objective on shares of Avient from $47.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Avient from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Seaport Research Partners reissued a "buy" rating and issued a $54.00 price objective on shares of Avient in a research note on Friday, August 7th. Finally, UBS Group set a $44.00 target price on Avient in a report on Monday, June 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Avient currently has a consensus rating of "Moderate Buy" and an average target price of $46.71.

Avient Trading Up 0.6%

NYSE AVNT opened at $44.54 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.90 and a debt-to-equity ratio of 0.77. The firm has a market cap of $4.09 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The company has a 50 day moving average price of $39.56 and a 200 day moving average price of $37.85. Avient Corporation has a 52 week low of $27.48 and a 52 week high of $46.64.

Avient (NYSE:AVNT - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.07. Avient had a net margin of 5.10% and a return on equity of 11.64%. The company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $898.53 million. During the same period last year, the firm earned $0.80 earnings per share. Avient's revenue was up 5.8% compared to the same quarter last year. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. As a group, sell-side analysts forecast that Avient Corporation will post 3.2 EPS for the current fiscal year.

Avient Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.275 per share. The ex-dividend date is Friday, September 11th. This represents a $1.10 annualized dividend and a dividend yield of 2.5%. Avient's dividend payout ratio is 59.46%.

Avient Company Profile

Avient Corporation NYSE: AVNT is a global provider of specialized and sustainable polymer materials, delivering color, additive and engineered solutions to a wide range of industries. The company's core offerings include masterbatches, colorant systems, compounds and resins designed to enhance performance, aesthetics and environmental sustainability. Avient serves markets such as packaging, automotive, consumer goods, healthcare, electronics, and agriculture, tailoring products to meet stringent regulatory and end-use requirements.

Formed through a corporate rebranding in 2020 following the divestiture of PolyOne's specialty businesses, Avient traces its heritage to a legacy of polymer innovation spanning decades.

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